HomeMy WebLinkAbout0620 To pl~c~ and conrinuou~ly k~~p on the bui!d,nys oow o~ htr~aha utuat~ on ~sid lW+d ~nd on ~11 puiprrNnt ~nd~pa~a+~lly cov~r~d by thi~ mort¢
p~. with all p.~miums ~hereon pa~d in tu~l, fir~ i~su~anu in th~ uswl ~aodard poticy - fam, in • sum ~pp~owd by 11ii MORTGAGEE, and wG+d~~am ,
inwr~ntt k~ tM wwi -~unda~d pol~ty fwm, In a~um ~pprov~d by ~M MORTGAGEE. in a+ch company w canPw?ih u tl.~ MORTGAGEE mar ' !
dK~cq and all tir~ u~d wind»wm i~uranc~ polici~s on ~ny O~ f~id bYlWiff9~, N1y I~ltfffN 1I1Nf11~ M pNt tMtW}. III tIN iQQI~~~ WT ~fp1Nld W •
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h ~xc~ ~haeof. ~hall corosin ~M uswl uandard morrpay~ c1au~ or ~uch o~ha dwN u tM AAatQayN ~nay rpuu~, m~kinp tM loss ~ndK ~aid polF " ;
cia, ~ach and every, paYabl~ to ~~d MQRTGAGEE as its intKe~t may ~pp~u. ~nd tach ~r?d ~wry wch pWicy ~hall b~ promptly au:~~td and d~livt«d to ~
~ny Mld by said Iu10RTGAGEE ~s fu~~he~ ~ecv~ity to s~id mor~pa~~ d~b~, and, no1 I~u tha~ t~n (10) days in +dwnc~ of tM ~zplr~tion of ~sch policy, to di~ t
liw~ b sald MORTGAGEE • r~newal thereof, rop~it~ wi~h • IKf~P1 FO? 1F~Q QfNt11Y111 Of tuch r~~ew~t; u+d tMr~ sh+ll b~ r+o f'u~ or windalam inw~~nu
plasd on aay of ~kl buildings. aMr in~a~st ~ha~ie a pa.t fh~r~of, unless ln tl?~ form and wifh tl» los~ pay~bl~ at ~fw~uW~ ~nd In tM ~wnt uq awn ;
of ma?~y becan~s payabl~ ~ndK suc.ti po~icy w polKi~s said MORiGAGEE ?MII Mw tl» opt~on to receiw a~d ~pply tM s~m~ on ~ccovnt of tM ind~bte~ . ?
Mss secvt~d h~?~by w q permit ~aid MORTGAGORS to reuiv~ ~nd ut~ il o~ any pa~t tMreof fw othe~ purpots~. wilhout th~reb~ waivi~~y o~ unp~i~- ~ ~ ~
inp any p~rity, lie~ o~ righr u~de~ or by virtw of ~his mo:tga~e; u+d in tM w~n~ s~~d MORTGAGORS sh+ll fw any rtason fatl to keep tM aid premiset w. ~
Inswed. o? f~il 1o delive~ promptly any of said policies of in~w~nc~ lo Nid MORTGAGEE. w fail promptly to pay (ully ~ny prsmium thentot o~ M My
?yp~ct fail b pMform. dixharye. ~aecut~. ~ftact. compl~te. comply with W+d abid~ by this cow~anf, a u~y pan lunof. said MORTGAGEE may pl~c* ~nd
pay fa such lrow~nc~ o~ any part thereof without waivirg o~ affectinp aMr option, Ikn, squiry, a ripht ~~der a by vi?tw of thts Monpp~, aid the
fvll amovm of each aod ~wry urch p~ymMt sl+all be ~mr~diately dw and pay~bb and aMU b~ar iMer~tt from tM dat~ t!?ereof unril paid ~t tM rat~ ot
ni~e psr cM+tum per ~nnum snd together with such intere~t sha11 be iccwed by tM lie~ of thit mart~ap~.
1. To p~rmif, commit or suffK no waste, impairrtwnt a deteiaration of said properfy or any pa?t fher~of.
p~Y ~II ~ed sinpula~ th~ twts, cha~pss ~nd exp~rues, iocludinp a r~~sonabl~ ~ttor~y's fN ~nd coib of abstracb of Ntl~. incwred or paW ~1
S. To ;
my lime by said MORTGAGfE. becaust w in tht ~wM of ths failv~e on tM psrt of tM iaid MORTGAGOR to duly, promPtly and fully per(wo1, d~scMr~,
execvt~, effecf, complet~, comply w~th snd ab~de by ~ach aed evsry Ihe itipulationa, ~preeme~ts, tonditioru ~nd tovtnants of taid promissory not~ and thl~
mortyap~ ~ny or ei~he~. end ia~d costs, cha~9es ~nd expsnses, each ~nd ~ve?y. ahall b~ lmmediatety dw end payabNr wF?ethN p not ther~ b~ notic~ d~
m~nd. ~ttempt to rnlletl p suit p~nd~ng; snd the full amount of each and every ~uch payment sMtl be+~ int~r~~t (rom tM det~ tlrnof wNil p~id ~1 th~
rate of nine per cenwm per uaium; and all said cos~~, charges and expenses incwred w paid. togetMr wilh such inttret4 sMll b~ ac~~ed py th~ li~n of thw
^ort9+~-
Q That (a? in the event of any brexh o/ ?hb Mwrga~~ a default on 1M part of the MORTGAGOR, a(b) in ths ~vant any of said swns of morwy
herein nferred to be not promptly and fully paid within thirty (30) days nea~ after the sam~ s~veralty becorne due and p~yabb, wlthovt dem~nd or nofict.
o? W in tM"ewm e~ch and ev~ry ths stipulations, ag~~em~nts, cond~tions and cove~+nts of sa~d promissory not~ and Ihis mortyape any or atha ~n eo1
~uly, promptly and fully perfwmed, diuMr~ed, txec~ted, eflected, completed, comptied wi~h and abided by, iMn in ~ithsr ot any suth wtM 1M said p~
yregat~ wm memioned in said promiuo~y note then ramaininy w~paid, w:th interest Kuued, u+d all moneys secvred Mreby, shall bKOnk dw and p~y~
+ble forthwith, w thtrwfter, at the option of said MORTGAGEE, as (vlly and comptetely as il ~I) of ~fie wid wms of tina+~y wer~ aipin~tly stipulated
to be pa~d on svch day. anythinp in sa;d prom~ssory note or i~ this Mor~yage to the conu~ry notwithst~ndin9; ~nd there~pon or 1Fw~saftet at th~ op/ion of
said MORTGAGEE, without notKe w deroand, wit at Iaw or in equity, therefore a ther~afte~ be~un, may be prosecut~d ~s if all mon~ys s~cvr~d Msnby
had matu~ed pnw ro its institution.
7. That in the evenl that et the beginning of w ~t any time pendinp any suit upon this Morty~ge, a to fwxlos~ tt, w to nform N, w 10 ~nfwu
paymcnt of ~ny claims hereunder, ssid MORTGAGEE shall apply to ths Court havinp jwisdidia? thereof fa the ~ppointm~nt of a Reteiva, wd~ Cowt sFwll
Fwthwith appoi~t s reccive~ of said mortpaged poperty, all and sinpular, includ~n~ all end singular tht income, profiq, isswt and rewnws (rom whatevsr
saurce daived, each and every of wh]ch, it beiry expressty understood, is he~eby enortgaged ai if specificalty sN falh ~nd dewibed in 1he q~antinp u+d
habendum clauses hereof, ~nd ~uch Rccei~er siwll M~re af1 the broad and effective funcnons and powers in ~nywise entrusted by ~ Cou?1 to ~ Reteiver. and
such appointment sha11 be made by such Cowt as a~ ~dmitted eqviry a~d a mane? of absolute righ~ to ssid MORTGACsEE, and without nferance to ths
~dequacy or inadequacp of the value of the property mortgaged or to the sowency or inwlvency of said MORTGAGOR or the defen~lann, and that such
re~~s, profits, income, iuues snd revenvei shaU be appl~ed by ~uch Receiver KCOfdiI19 f0 tF10 IiM Of pv~ty of said MORTGAGEE and the practiu of wch
Court.
8. To duly, prompNy and fulty perfwm, discMrge, execute, effecT, complete, comply with ~nd abid~ by e~th ~nd ewry ths sHpulaf'~aa, ayreemanq,
cond;tans and cover»n~s in se~d promissory ~ofe sr~d thia martyage set fath. .
9. Thet in tM evem fhe ownenhip of the mwtgayed premisd, or ~ny put thereof, beoomes wded in a perta~ othN than th~ MORTGAGOR, tl»
MORTGAGEE, its succeuors and auigns, may, w~thout ~otice to the MORTGAOR, deaf with such successor a wccessa in interest with refetence to this
mortgage and the debl hereby sec~~ed in the same msnner as with Mortgaga without in a~y w+y vitiatinp o~ diatharping the Mort~pors liability here-
under a upon the debt hereby secured. No sale oi the premises hereby mwtga9ed and oo fwbearance on the put of the MORTGAGEE or iri wocesxxs
a~uigm and no e:rens~on of the time fw ~he payment of the debt hereby secured y"rven by the MORTGAGEE w it~ avcteiwn a assipns, ~hal) op~r~t~
ro rekase, dixharge, mod~fy change w a((cct the original liabil~ty of the MORTGAGOR herein, eithar in whole a ia p~rt.
10. It is specifically agreed ~hat time ia of tM essence of this contract and that no waiver of any obligation hereuncler or of tM oblig~tion s~-
cured hereby shall ~t any time thereafter be held to be a waiver of the t~rms hereof or of the instrurt~ent secured hsrby.
11. In additio~ to the fwego:ng monthly paymen?s of princ'psl and interest required by the promissory note sec~red hereby, morfgagor tov,ensnfs
and agrees to pay ro mortgagee with eatH monthly payment an add~rionsi 'sum e~timsted by mortgagee to be eqwl to 1/12 of the ennwt cost of the follow-
ing: ~ _
A-AII real popertr t~aes kvied or ass~ssed against the above described real estate. '
B-Premiurns on fire and winds~orm inswance as txrein requ:red to M ucried on the ~mp~ovemec+b situate on the ~bovs described qrert+iias.
, C-Premiums on such mvtgage guaranty insurar.ce as mortgagee shall from t~me to time deem fit fo carry on the loan secured hereby.
Matgagee shall fran time fo time notify mortgagor in writing of the amount due and payabk hereunder a~d wch wm shall thereupon be due and
payable on the dve da~e of th! nex~ monthly pay~hent and esch svcces:ive month therea(ter until mortgayee shsll notify mwtgagw of a charge in wcF~ ~
amount. Such sums sh.aq be app!ied by mortgagee toward the payment of reat property tsxes, insurance premtumt, and mortgsye guaranty inwr~nce
~ premiwns.
l IN WITNESS WFiEREOf, the said MORTGAGOR has hereunro set his hand and ual the day ~nd y~ar firtt afwesaid. .
Siyned. Seakd and delivered ir? the p"resence ofc fl?~0 R4' r '
~ tT. tUr,,i % ~~TY FLA. ~ 4
{ ~c~`:- ~'=~~~1tS n J. czoi
oL- r~ r~r .;.tl:; COUR 4 4
i' i_.c~
n ' ~n
~ SiATE OF FIORIDA ~ ~T ~ 23 AN T y v~o/ I
St . Lucie ~ ss. ~
COUNTY OF
Befwe me personally appesred John ,1. I.dCZ0176 . a 5111q 1C adLi l t
X~KX~ to me well known snd know~ to me to b~
the individua! ~ described in snd who executed the foregang instrumsnt, ~nd adcnowledged befwe me that he executed tt~e asms for the pvrposes
Iherein enpressed. ]m~dq6a[~aieLC '
)OOt~lXdq~DNO~C ]~(I~QK
~Ot4[K
~ .
WITNESS my hand snd official aeal thi day of OCLObe ~ p. ~y 7S
a 7 +
~ ~
~ ~ Not~ry Public in aod fw the Sta of Flai~ at lsrp~
~ ' ~ My Commiuion expires:
~ Retu~~ To: ~~~~f r
~ Fint Federal Savinga 3 toa~ Aasocietion
Of iort P.crce.
~ ••~c~iti7±:.j-
fort Pierce, Florida
~ y~.~ ~ .
z ~ - f.y..~ f:..;'s.~
~ `~.l~~
~
~ This Instrument Prepared B~John W. Collins
First Federal Savings & Loan Association -'~f
~ . of Fort Pierce Plorida ,t~ - . '
~ ~ : ~ , .
0 R . j
~ Checked By 800K 245 PACE 618 ~ ~ ~ = -
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